Bibliometric Analysis of Islamic Finance
Abstract
Islamic finance and Islamic banking have been the subject of central scientific interest, as demonstrated by the significant increase in publications on the subject in recent years.
In the present paper, the use of the bibliometric analytical technique is proposed to examine the research on Islamic finance. The objective of the study consists in carrying out a bibliometric analysis of all the publications on Scopus relative to Islamic finance. The parameters used include the type of document (article), the language of publication (English). Among other things, the author, the publication models, the distribution of the thematic category, the distribution of the author's key words, the country of publication and the most frequently cited article are analyzed.
The different rankings reinforce the fact that bibliometric understanding of scientific impact is a multidimensional construct. However, the bibliometric analysis does not take place in an institutional and political vacuum. The institutional context of quality evaluation of public and private research increasingly determines which metrics are applied, with consequent effects on performance evaluation.
Through analysis, citation rates are proposed, and the impact factors of journals are quantitative and objective indicators directly linked to published science.
The objective of this paper is to identify the future trend of research in the field of Islamic finance.
References
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[2] T. S. Zaher e M. K. Hassan, «A Comparative Literature Survey of Islamic Finance and Banking», Financ. Mark. Inst. Instrum., vol. 10, n. 4, pagg. 155–199, nov. 2001, doi: 10.1111/1468-0416.00044.
[3] The Banker, «Top Islamic financial institutions 2015 - Reports -», 2015. https://www.thebanker.com/Reports/Special-Reports/Top-Islamic-financial-institutions-2015 (consultato set. 28, 2019).
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[7] P. P. Biancone e M. Radwan, «Social Finance and Financing Social Enterprises: An Islamic Finance Prospective», Eur. J. Islam. Finance, vol. 0, n. 0, feb. 2019, doi: 10.13135/2421-2172/3176.
[8] M. Aria e C. Cuccurullo, «bibliometrix: An R-tool for comprehensive science mapping analysis», J. Informetr., vol. 11, n. 4, pagg. 959–975, 2017.
[9] A. M. Sánchez-Riofrío, L. Á. Guerras-Martín, e F. J. Forcadell, «Business portfolio restructuring: a comprehensive bibliometric review», Scientometrics, vol. 102, n. 3, pagg. 1921–1950, mar. 2015, doi: 10.1007/s11192-014-1495-0.
[10] N. D. Bellis, Bibliometrics and Citation Analysis: From the Science Citation Index to Cybermetrics. Scarecrow Press, 2009.
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[13] H. Tüselmann, R. R. Sinkovics, e G. Pishchulov, «Revisiting the standing of international business journals in the competitive landscape», J. World Bus., vol. 51, n. 4, pagg. 487–498, giu. 2016, doi: 10.1016/j.jwb.2016.01.006.
[14] J. E. Hirsch, «An index to quantify an individual’s scientific research output», Proc. Natl. Acad. Sci., vol. 102, n. 46, pagg. 16569–16572, 2005.
[15] R. Rousseau, «Simple models and the corresponding h-and g-index», 2006.
[16] R. Rousseau, «New developments related to the Hirsch index», 2006.
[17] M. Čihák e H. Hesse, «Islamic banks and financial stability: An empirical analysis», J. Financ. Serv. Res., vol. 38, n. 2–3, pagg. 95–113, 2010.
[18] U. Derigs e S. Marzban, «Review and analysis of current Shariah-compliant equity screening practices», Int. J. Islam. Middle East. Finance Manag., vol. 1, n. 4, pagg. 285–303, 2008.
[19] A. N. Ajmi, S. Hammoudeh, D. K. Nguyen, e S. Sarafrazi, «How strong are the causal relationships between Islamic stock markets and conventional financial systems? Evidence from linear and nonlinear tests», J. Int. Financ. Mark. Inst. Money, vol. 28, pagg. 213–227, 2014.
[20] Fauziah, M. Taib, T. Ramayah, e D. Abdul Razak, «Factors influencing intention to use diminishing partnership home financing», Int. J. Islam. Middle East. Finance Manag., vol. 1, n. 3, pagg. 235–248, 2008.
[21] S. Mollah e M. Zaman, «Shari’ah supervision, corporate governance and performance: Conventional vs. Islamic banks», J. Bank. Finance, vol. 58, pagg. 418–435, 2015.
[22] S. Farook, M. Kabir Hassan, e R. Lanis, «Determinants of corporate social responsibility disclosure: The case of Islamic banks», J. Islam. Account. Bus. Res., vol. 2, n. 2, pagg. 114–141, 2011.
[23] H. Amin, A. Rahim Abdul Rahman, S. Laison Sondoh Jr, e A. Magdalene Chooi Hwa, «Determinants of customers’ intention to use Islamic personal financing: The case of Malaysian Islamic banks», J. Islam. Account. Bus. Res., vol. 2, n. 1, pagg. 22–42, 2011.
[24] S. H. Law, W. N. W. Azman-Saini, e M. H. Ibrahim, «Institutional quality thresholds and the finance–growth nexus», J. Bank. Finance, vol. 37, n. 12, pagg. 5373–5381, 2013.
[25] A. Wajdi Dusuki, «Understanding the objectives of Islamic banking: a survey of stakeholders’ perspectives», Int. J. Islam. Middle East. Finance Manag., vol. 1, n. 2, pagg. 132–148, 2008.
[26] S. A. R. Rizvi, G. Dewandaru, O. I. Bacha, e M. Masih, «An analysis of stock market efficiency: Developed vs Islamic stock markets using MF-DFA», Phys. Stat. Mech. Its Appl., vol. 407, pagg. 86–99, 2014.
[27] Clarivate Analytics, «Web of Science. trust the difference. Web of Science - Clarivate Analytics», 2018. http://wokinfo.com/ (consultato set. 23, 2019).
[28] M. H. Ibrahim e S. A. R. Rizvi, «Do we need bigger Islamic banks? An assessment of bank stability», J. Multinatl. Financ. Manag., vol. 40, pagg. 77–91, 2017.
[29] E. Garfield, «Historiographic Mapping of Knowledge Domains Literature», J. Inf. Sci., vol. 30, n. 2, pagg. 119–145, apr. 2004, doi: 10.1177/0165551504042802.
[30] A. Charles, O. Darné, e A. Pop, «Risk and ethical investment: Empirical evidence from Dow Jones Islamic indexes», Res. Int. Bus. Finance, vol. 35, pagg. 33–56, set. 2015, doi: 10.1016/j.ribaf.2015.03.003.
[31] G. Dewandaru, R. Masih, O. Bachab, e A. Mansur. M. Masih, «Developing trading strategies based on fractal finance: An application of MF-DFA in the context of Islamic equities», Phys. Stat. Mech. Its Appl., vol. 438, pagg. 223–235, nov. 2015, doi: 10.1016/j.physa.2015.05.116.
[32] M. Abduh e M. Azmi Omar, «Islamic banking and economic growth: the Indonesian experience», Int. J. Islam. Middle East. Finance Manag., vol. 5, n. 1, pagg. 35–47, mar. 2012, doi: 10.1108/17538391211216811.
[33] S. Kassim, «Islamic finance and economic growth: The Malaysian experience», Glob. Finance J., vol. 30, pagg. 66–76, mag. 2016, doi: 10.1016/j.gfj.2015.11.007.
[34] K. B. Khediri, L. Charfeddine, e S. B. Youssef, «Islamic versus conventional banks in the GCC countries: A comparative study using classification techniques», Res. Int. Bus. Finance, vol. 33, pagg. 75–98, gen. 2015, doi: 10.1016/j.ribaf.2014.07.002.
[35] S. Mollah, M. K. Hassan, O. Al Farooque, e A. Mobarek, «The governance, risk-taking, and performance of Islamic banks», J. Financ. Serv. Res., vol. 51, n. 2, pagg. 195–219, apr. 2017, doi: 10.1007/s10693-016-0245-2.
[36] L. T. Al-Kayed, S. R. S. M. Zain, e J. Duasa, «The relationship between capital structure and performance of Islamic banks», J. Islam. Account. Bus. Res., set. 2014, doi: 10.1108/JIABR-04-2012-0024.
[37] U. Derigs e S. Marzban, «New strategies and a new paradigm for Shariah-compliant portfolio optimization», J. Bank. Finance, vol. 33, n. 6, pagg. 1166–1176, 2009.
[38] A. Hassan e S. Syafri Harahap, «Exploring corporate social responsibility disclosure: the case of Islamic banks», Int. J. Islam. Middle East. Finance Manag., vol. 3, n. 3, pagg. 203–227, 2010.
[39] C. S. F. Ho, «International comparison of Shari’ah compliance screening standards», Int. J. Islam. Middle East. Finance Manag., giu. 2015, doi: 10.1108/IMEFM-07-2014-0065.
[40] M. Mansoor Khan e M. Ishaq Bhatti, «Development in Islamic banking: a financial risk-allocation approach», J. Risk Finance, vol. 9, n. 1, pagg. 40–51, 2008.
[41] S. A. Rosly, «Shariah parameters reconsidered», Int. J. Islam. Middle East. Finance Manag., giu. 2010, doi: 10.1108/17538391011054372.
[42] A. Hassan, A. Chachi, e S. Abdul Latiff, «Islamic marketing ethics and its impact on customer satisfaction in the Islamic banking industry», J. King Abdulaziz Univ. Islam. Econ., vol. 21, n. 1, 2008.
[43] S. Naughton e T. Naughton, «Religion, ethics and stock trading: The case of an Islamic equities market», J. Bus. Ethics, vol. 23, n. 2, pagg. 145–159, 2000.
[44] W. Rokhman, «The effect of Islamic work ethics on work outcomes», EJBO-Electron. J. Bus. Ethics Organ. Stud., 2010.
[45] A. Syariati e N. E. Syariati, «Islamic Bank as Bank of Ethics», 2012.
[46] H. Smaoui e H. Ghouma, «Sukuk market development and Islamic banks’ capital ratios», Res. Int. Bus. Finance, vol. 51, pag. 101064, 2020.
[47] W. M. Al-ahdal, M. H. Alsamhi, M. I. Tabash, e N. H. Farhan, «The impact of corporate governance on financial performance of Indian and GCC listed firms: An empirical investigation», Res. Int. Bus. Finance, vol. 51, pag. 101083, 2020.
[48] A. Louhichi, S. Louati, e Y. Boujelbene, «The regulations–risk taking nexus under competitive pressure: What about the Islamic banking system?», Res. Int. Bus. Finance, vol. 51, pag. 101074, 2020.
[2] T. S. Zaher e M. K. Hassan, «A Comparative Literature Survey of Islamic Finance and Banking», Financ. Mark. Inst. Instrum., vol. 10, n. 4, pagg. 155–199, nov. 2001, doi: 10.1111/1468-0416.00044.
[3] The Banker, «Top Islamic financial institutions 2015 - Reports -», 2015. https://www.thebanker.com/Reports/Special-Reports/Top-Islamic-financial-institutions-2015 (consultato set. 28, 2019).
[4] M. Ayub, Understanding islamic finance. Gramedia Pustaka Utama, 2013.
[5] Z. Iqbal, «Islamic financial systems», Finance Dev., vol. 34, pagg. 42–45, 1997.
[6] M. Taqī ʻUs̲mānī, An introduction to Islamic finance. Arham Shamsi, 1998.
[7] P. P. Biancone e M. Radwan, «Social Finance and Financing Social Enterprises: An Islamic Finance Prospective», Eur. J. Islam. Finance, vol. 0, n. 0, feb. 2019, doi: 10.13135/2421-2172/3176.
[8] M. Aria e C. Cuccurullo, «bibliometrix: An R-tool for comprehensive science mapping analysis», J. Informetr., vol. 11, n. 4, pagg. 959–975, 2017.
[9] A. M. Sánchez-Riofrío, L. Á. Guerras-Martín, e F. J. Forcadell, «Business portfolio restructuring: a comprehensive bibliometric review», Scientometrics, vol. 102, n. 3, pagg. 1921–1950, mar. 2015, doi: 10.1007/s11192-014-1495-0.
[10] N. D. Bellis, Bibliometrics and Citation Analysis: From the Science Citation Index to Cybermetrics. Scarecrow Press, 2009.
[11] AJG, «Academic Journal Guide (AJG) - The Association of Business Schools-», 2015. .
[12] J. Mingers e H. Willmott, «Taylorizing business school research: On the ‘one best way’ performative effects of journal ranking lists», Hum. Relat., vol. 66, n. 8, pagg. 1051–1073, ago. 2013, doi: 10.1177/0018726712467048.
[13] H. Tüselmann, R. R. Sinkovics, e G. Pishchulov, «Revisiting the standing of international business journals in the competitive landscape», J. World Bus., vol. 51, n. 4, pagg. 487–498, giu. 2016, doi: 10.1016/j.jwb.2016.01.006.
[14] J. E. Hirsch, «An index to quantify an individual’s scientific research output», Proc. Natl. Acad. Sci., vol. 102, n. 46, pagg. 16569–16572, 2005.
[15] R. Rousseau, «Simple models and the corresponding h-and g-index», 2006.
[16] R. Rousseau, «New developments related to the Hirsch index», 2006.
[17] M. Čihák e H. Hesse, «Islamic banks and financial stability: An empirical analysis», J. Financ. Serv. Res., vol. 38, n. 2–3, pagg. 95–113, 2010.
[18] U. Derigs e S. Marzban, «Review and analysis of current Shariah-compliant equity screening practices», Int. J. Islam. Middle East. Finance Manag., vol. 1, n. 4, pagg. 285–303, 2008.
[19] A. N. Ajmi, S. Hammoudeh, D. K. Nguyen, e S. Sarafrazi, «How strong are the causal relationships between Islamic stock markets and conventional financial systems? Evidence from linear and nonlinear tests», J. Int. Financ. Mark. Inst. Money, vol. 28, pagg. 213–227, 2014.
[20] Fauziah, M. Taib, T. Ramayah, e D. Abdul Razak, «Factors influencing intention to use diminishing partnership home financing», Int. J. Islam. Middle East. Finance Manag., vol. 1, n. 3, pagg. 235–248, 2008.
[21] S. Mollah e M. Zaman, «Shari’ah supervision, corporate governance and performance: Conventional vs. Islamic banks», J. Bank. Finance, vol. 58, pagg. 418–435, 2015.
[22] S. Farook, M. Kabir Hassan, e R. Lanis, «Determinants of corporate social responsibility disclosure: The case of Islamic banks», J. Islam. Account. Bus. Res., vol. 2, n. 2, pagg. 114–141, 2011.
[23] H. Amin, A. Rahim Abdul Rahman, S. Laison Sondoh Jr, e A. Magdalene Chooi Hwa, «Determinants of customers’ intention to use Islamic personal financing: The case of Malaysian Islamic banks», J. Islam. Account. Bus. Res., vol. 2, n. 1, pagg. 22–42, 2011.
[24] S. H. Law, W. N. W. Azman-Saini, e M. H. Ibrahim, «Institutional quality thresholds and the finance–growth nexus», J. Bank. Finance, vol. 37, n. 12, pagg. 5373–5381, 2013.
[25] A. Wajdi Dusuki, «Understanding the objectives of Islamic banking: a survey of stakeholders’ perspectives», Int. J. Islam. Middle East. Finance Manag., vol. 1, n. 2, pagg. 132–148, 2008.
[26] S. A. R. Rizvi, G. Dewandaru, O. I. Bacha, e M. Masih, «An analysis of stock market efficiency: Developed vs Islamic stock markets using MF-DFA», Phys. Stat. Mech. Its Appl., vol. 407, pagg. 86–99, 2014.
[27] Clarivate Analytics, «Web of Science. trust the difference. Web of Science - Clarivate Analytics», 2018. http://wokinfo.com/ (consultato set. 23, 2019).
[28] M. H. Ibrahim e S. A. R. Rizvi, «Do we need bigger Islamic banks? An assessment of bank stability», J. Multinatl. Financ. Manag., vol. 40, pagg. 77–91, 2017.
[29] E. Garfield, «Historiographic Mapping of Knowledge Domains Literature», J. Inf. Sci., vol. 30, n. 2, pagg. 119–145, apr. 2004, doi: 10.1177/0165551504042802.
[30] A. Charles, O. Darné, e A. Pop, «Risk and ethical investment: Empirical evidence from Dow Jones Islamic indexes», Res. Int. Bus. Finance, vol. 35, pagg. 33–56, set. 2015, doi: 10.1016/j.ribaf.2015.03.003.
[31] G. Dewandaru, R. Masih, O. Bachab, e A. Mansur. M. Masih, «Developing trading strategies based on fractal finance: An application of MF-DFA in the context of Islamic equities», Phys. Stat. Mech. Its Appl., vol. 438, pagg. 223–235, nov. 2015, doi: 10.1016/j.physa.2015.05.116.
[32] M. Abduh e M. Azmi Omar, «Islamic banking and economic growth: the Indonesian experience», Int. J. Islam. Middle East. Finance Manag., vol. 5, n. 1, pagg. 35–47, mar. 2012, doi: 10.1108/17538391211216811.
[33] S. Kassim, «Islamic finance and economic growth: The Malaysian experience», Glob. Finance J., vol. 30, pagg. 66–76, mag. 2016, doi: 10.1016/j.gfj.2015.11.007.
[34] K. B. Khediri, L. Charfeddine, e S. B. Youssef, «Islamic versus conventional banks in the GCC countries: A comparative study using classification techniques», Res. Int. Bus. Finance, vol. 33, pagg. 75–98, gen. 2015, doi: 10.1016/j.ribaf.2014.07.002.
[35] S. Mollah, M. K. Hassan, O. Al Farooque, e A. Mobarek, «The governance, risk-taking, and performance of Islamic banks», J. Financ. Serv. Res., vol. 51, n. 2, pagg. 195–219, apr. 2017, doi: 10.1007/s10693-016-0245-2.
[36] L. T. Al-Kayed, S. R. S. M. Zain, e J. Duasa, «The relationship between capital structure and performance of Islamic banks», J. Islam. Account. Bus. Res., set. 2014, doi: 10.1108/JIABR-04-2012-0024.
[37] U. Derigs e S. Marzban, «New strategies and a new paradigm for Shariah-compliant portfolio optimization», J. Bank. Finance, vol. 33, n. 6, pagg. 1166–1176, 2009.
[38] A. Hassan e S. Syafri Harahap, «Exploring corporate social responsibility disclosure: the case of Islamic banks», Int. J. Islam. Middle East. Finance Manag., vol. 3, n. 3, pagg. 203–227, 2010.
[39] C. S. F. Ho, «International comparison of Shari’ah compliance screening standards», Int. J. Islam. Middle East. Finance Manag., giu. 2015, doi: 10.1108/IMEFM-07-2014-0065.
[40] M. Mansoor Khan e M. Ishaq Bhatti, «Development in Islamic banking: a financial risk-allocation approach», J. Risk Finance, vol. 9, n. 1, pagg. 40–51, 2008.
[41] S. A. Rosly, «Shariah parameters reconsidered», Int. J. Islam. Middle East. Finance Manag., giu. 2010, doi: 10.1108/17538391011054372.
[42] A. Hassan, A. Chachi, e S. Abdul Latiff, «Islamic marketing ethics and its impact on customer satisfaction in the Islamic banking industry», J. King Abdulaziz Univ. Islam. Econ., vol. 21, n. 1, 2008.
[43] S. Naughton e T. Naughton, «Religion, ethics and stock trading: The case of an Islamic equities market», J. Bus. Ethics, vol. 23, n. 2, pagg. 145–159, 2000.
[44] W. Rokhman, «The effect of Islamic work ethics on work outcomes», EJBO-Electron. J. Bus. Ethics Organ. Stud., 2010.
[45] A. Syariati e N. E. Syariati, «Islamic Bank as Bank of Ethics», 2012.
[46] H. Smaoui e H. Ghouma, «Sukuk market development and Islamic banks’ capital ratios», Res. Int. Bus. Finance, vol. 51, pag. 101064, 2020.
[47] W. M. Al-ahdal, M. H. Alsamhi, M. I. Tabash, e N. H. Farhan, «The impact of corporate governance on financial performance of Indian and GCC listed firms: An empirical investigation», Res. Int. Bus. Finance, vol. 51, pag. 101083, 2020.
[48] A. Louhichi, S. Louati, e Y. Boujelbene, «The regulations–risk taking nexus under competitive pressure: What about the Islamic banking system?», Res. Int. Bus. Finance, vol. 51, pag. 101074, 2020.
Published
2020-10-11
How to Cite
Bollani, L., & Chmet, F. (2020). Bibliometric Analysis of Islamic Finance. European Journal of Islamic Finance. https://doi.org/10.13135/2421-2172/4936
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